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Pentwater Capital Management Portfolio holdings

AUM $19.3B
1-Year Est. Return 58.13%
This Fund
S&P 500
This Quarter Est. Return
+10.59%
1 Year Est. Return
+58.13%
3 Year Est. Return
+179.76%
5 Year Est. Return
+629.27%
10 Year Est. Return
+5,046.05%
AUM
$14.1B
AUM Growth
+$3.66B
Cap. Flow
+$2.96B
Cap. Flow %
21.04%
Top 10 Hldgs %
54.73%
Holding
218
New
37
Increased
37
Reduced
42
Closed
71

Top Buys

Rank Stock Value
1
CFN
CAREFUSION CORPORATION
CFN
+$416M
2
AGN
Allergan Inc
AGN
+$386M
3
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$372M
4
BHI
Baker Hughes
BHI
+$342M
5
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$201M

Top Sells

Rank Stock Value
1
THI
TIM HORTONS INC COM, CANADA
THI
+$536M
2
BHC icon
Bausch Health
BHC
+$210M
3
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
+$153M
4
OUT icon
Outfront Media
OUT
+$151M
5
SHPG
Shire pic
SHPG
+$104M

Sector Composition

Rank Sector Weight
1 Healthcare 20%
2 Technology 7.1%
3 Consumer Discretionary 6.67%
4 Materials 3.2%
5 Energy 3.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPE
176
DELISTED
EP Energy Corporation
EPE
– –
-580,000
Closed -$10.1M
TWX
177
CALL
DELISTED
Time Warner Inc
TWX
– –
-150,000
Closed -$11.3M
TWX
178
DELISTED
Time Warner Inc
TWX
– –
-150,000
Closed -$11.3M
TWX
179
PUT
DELISTED
Time Warner Inc
TWX
– –
-150,000
Closed -$11.3M
RATE
180
DELISTED
Bankrate Inc
RATE
– –
-245,000
Closed -$2.78M
BEAV
181
CALL
DELISTED
B/E Aerospace Inc
BEAV
– –
-207,150
Closed -$12.6M
BEAV
182
DELISTED
B/E Aerospace Inc
BEAV
– –
-48,335
Closed -$2.94M
CSC
183
DELISTED
Computer Sciences
CSC
– –
-106,785
Closed -$2.75M
QLTI
184
DELISTED
QLT Inc
QLTI
– –
-152,900
Closed -$691K
RNDY
185
DELISTED
ROUNDYS INC COM STK
RNDY
– –
-100,000
Closed -$299K
TRW
186
CALL
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
– –
-60,000
Closed -$6.08M
TRW
187
PUT
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
– –
-497,700
Closed -$50.4M
IRF
188
DELISTED
INTL RECTIFIER CORP
IRF
– –
-200,000
Closed -$7.85M
PIKE
189
DELISTED
PIKE CORPORATION COM STK (NC)
PIKE
– –
-469,121
Closed -$5.58M
MGAM
190
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
– –
-60,575
Closed -$2.18M
CPWR
191
DELISTED
COMPUWARE CORP
CPWR
– –
-104,100
Closed -$1.06M
BKW
192
CALL
DELISTED
BURGER KING WORLDWIDE
BKW
– –
-100,000
Closed -$2.97M
BKW
193
DELISTED
BURGER KING WORLDWIDE
BKW
– –
-928,400
Closed -$27.5M
BKW
194
PUT
DELISTED
BURGER KING WORLDWIDE
BKW
– –
-595,000
Closed -$17.6M
THI
195
DELISTED
TIM HORTONS INC COM, CANADA
THI
– –
-6,797,200
Closed -$536M
CNVR
196
DELISTED
CONVERSANT INC COM STK (DE)
CNVR
– –
-204,978
Closed -$7.02M
TIBX
197
DELISTED
TIBCO SOFTWARE INC
TIBX
– –
-750,000
Closed -$17.7M
KOG
198
DELISTED
KODIAK OIL & GAS CORP
KOG
– –
-9,000
Closed -$122K
CNQR
199
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
– –
-500,000
Closed -$63.4M
KMR
200
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
– –
-1,647,343
Closed -$153M
5 6 7
8
9

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MGP
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A
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LF
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Select Equity Group
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MIM
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SPIA
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BPA
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Pentwater Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Pentwater Capital Management held 218 positions worth $14.1B, up 35% from $10.4B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Pentwater Capital Management deployed $2.96B of net new capital in Q4 2014, opening 37 new positions and adding to 37 existing holdings. Its largest new stake was CAREFUSION CORPORATION: 7,250,000 shares worth $430M.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Outfront Media, an estimated $151M trimmed.

  • Pentwater Capital Management's largest Q4 2014 buy was CAREFUSION CORPORATION: 7,250,000 shares worth $430M.
  • Pentwater Capital Management added most to Allergan Inc in Q4 2014, an estimated $386M increase.
  • Pentwater Capital Management's biggest Q4 2014 reduction was Outfront Media, cutting an estimated $151M.
  • Pentwater Capital Management fully exited TIM HORTONS INC COM, CANADA in Q4 2014, selling an estimated $536M.
  • Pentwater Capital Management's ten largest holdings make up 55% of its $14.1B portfolio in Q4 2014.
  • Pentwater Capital Management opened 37 new positions and closed 71 in Q4 2014.
  • Pentwater Capital Management's portfolio value rose 35% quarter-over-quarter to $14.1B.

Based on Pentwater Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.